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Debate House Prices


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Explain all this to me please.....

RHYSDAD
RHYSDAD Posts: 2,346 Forumite
in Debate House Prices & the Economy
As a layman, i have been reading with interest some of the threads on here and it's mainly the apocalyptic doomsday scenarios which have got me thinking.......

I (think) i understand the very basics of how an economy works but could someone summarise the problems we genuinely face in our current economy and how they might lead to the anarchic civil unrest that seems to be considered a genuine possibility....

Should i really be stocking up on food?
Will i need more shotgun cartridges and might i have to use them on the hoardes of zombie like gangs who will purportedly be looting and raping at will?
Will average Joe's like me, with 2.5x mortgage and a small loan really lose my home?
I'm in agriculture, is it recession proof?
Are all these doomsday scenarios really a realistic possibility?:confused:

Please feel free to answer as many or as few of my questions as you see fit.....
"Do not use a hatchet to remove a fly from your friend's forehead."

Chinese Proverb


«13

Comments

  • Radiantsoul
    Radiantsoul Posts: 2,096 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    RHYSDAD wrote: »
    As a layman, i have been reading with interest some of the threads on here and it's mainly the apocalyptic doomsday scenarios which have got me thinking.......

    I (think) i understand the very basics of how an economy works but i could someone summarise the problems we genuinely face in our current economy and how they might lead to the anarchic civil unrest that seems to be considered a genuine possibility....

    Should i really be stocking up on food?
    Will i need more shotgun cartridges and might i have to use them on the hoardes of zombie like gangs who will purportedly be looting and raping at will?
    Will average Joe's like me, with 2.5x mortgage and a small loan really lose my home?
    I'm in agriculture, is it recession proof?
    Are all these doomsday scenarios really a realistic possibility?:confused:

    Please feel free to answer as many or as few of my questions as you see fit.....

    1. No
    2. No, definitely not.
    3. Probably not.
    4. No, but no job is.
    5. Not really
  • RHYSDAD
    RHYSDAD Posts: 2,346 Forumite
    Thank you for the crystal clarity with which you answered my questions. I wish there were a lot more like you.
    "Do not use a hatchet to remove a fly from your friend's forehead."

    Chinese Proverb


  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Nice one. :D:rotfl:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    Radiantsoul wrote: »
    1. No
    2. No, definitely not.
    3. Probably not.
    4. No, but no job is.
    5. Not really

    What he said. :T If you listen to some of the !!!!!! spouted on here you will be reaching for the rope. :rotfl:
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • RHYSDAD
    RHYSDAD Posts: 2,346 Forumite
    bo_drinker wrote: »
    What he said. :T If you listen to some of the !!!!!! spouted on here you will be reaching for the rope. :rotfl:

    I'd have been guilty in the past of just not giving a !!!!!!. Two young sons have sharpened my focus. Thanks for the replies.
    "Do not use a hatchet to remove a fly from your friend's forehead."

    Chinese Proverb


  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    RHYSDAD wrote: »
    As a layman, i have been reading with interest some of the threads on here and it's mainly the apocalyptic doomsday scenarios which have got me thinking.......

    I (think) i understand the very basics of how an economy works but i could someone summarise the problems we genuinely face in our current economy and how they might lead to the anarchic civil unrest that seems to be considered a genuine possibility....

    Should i really be stocking up on food?
    Will i need more shotgun cartridges and might i have to use them on the hoardes of zombie like gangs who will purportedly be looting and raping at will?
    Will average Joe's like me, with 2.5x mortgage and a small loan really lose my home?
    I'm in agriculture, is it recession proof?
    Are all these doomsday scenarios really a realistic possibility?:confused:

    Please feel free to answer as many or as few of my questions as you see fit.....


    Doomsday is very unlikely but buidling a small stock of food makes a lot of sense. All sorts of things can lead to a disruption in supply and you will always end up eating it anyway.

    Being in agriculture is a good place to be IMO. Population is on the rise globally and we will always need food.

    With a 2.5x mortgage I think you have a very good margin of safety - unlike many buyers near the peak who were borrowing 5x or more.

    For tips on surving the Zombies, see here:

    http://zombiehunters.org/
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • barrooo
    barrooo Posts: 322 Forumite
    Those zombies coming over here, eating our brains, taking our jeerrbs, just the thought of it makes me want to get a shotgun.


    (Sorry I accidentally read some of the Daily Mail today)
  • RHYSDAD
    RHYSDAD Posts: 2,346 Forumite
    Ha Ha!!....
    "Do not use a hatchet to remove a fly from your friend's forehead."

    Chinese Proverb


  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    The only rioting by most on here will be done if they miss the bottom by £10.:D

    Otherwise it's just a bunch of "emo's" under 30's praying to the god "morrisy" waiting for the world to end (well as long as it is not after 10PM as they have to be back home by then.:D )

    Enjoy the time with your kids as you will be lauging in 20 years time when they are saying the same thing.

    It's just another economic cycle which always have to be worse than the last. (It's the old rose tinted glasses of the past)
  • Mr_Matey
    Mr_Matey Posts: 608 Forumite
    barrooo wrote: »
    Those zombies coming over here, eating our brains, taking our jeerrbs, just the thought of it makes me want to get a shotgun.

    It's making me hungry.
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